WW 'WAy'A- WWX$ i-vwr, 'KtiT't 1 k ix.'m -jKbimwrn VJK.. I'7 t -,i Ji,'f'm '" i;wfi-i--"k ' ",TvrfiTST;;v;."H('i.' -""rrtisi '.': "".Jvte. " ' " " EVENING PUBLIC LEDGER-PHILADELPHIA, THEHDAT, NOVEMBER V .TF" I -1 .'' 4 21 v&p i& Kir' ft " 3V, I I S180.0M 1 ARMSTRONG COUNTY, PA. 1 4j 10NOS AUGUST 1, 1925-1941 FREE FROM STATE TAX IN PENNSYLVANIA Exempt Frem All Federal Income Taxes PRICES, TO NET 4.15ft KE.LLY BROCK & CO. 306 CHESTNUT STREET PHILADELPHIA TRADING A L1HLE MORE TWO-SIDED While Rallying Power Wat Still Feeble, Liquidating Move ment Lest Its Force November Bend List We list in our November circular the mere im portant issues of Cana dian Government, Pro vincial and Municipal Bends, new obtainable at prices te yield 5.06 te 6 All the issues have prin cipal and interest payable in New Yerk. Write for List P-11U Weed, Gundy & Ce. Incnrperitel 14 Wall St., New Yerk Terente Montreal Winnipeg1 Lcnden.Eni. NEW YORK STOCK EXCHANGE TRANSACTIONS Only Afternoon Repert in Philadelphia Quoting Full List UNDERLYING BOND Lexington Gas & Electric Ce. First Mertftape B0 Bend dated 1905, due 1535 Controlled and operated by the Missouri Gas & Electric Company. Financial etatemr.t for year end ing December 31st, 1921, shows Inters: en underlying bends earned about 4 time. Price te yield about 6 Special circular en rtqvatU New Yerk, Nev. 11. While continu centinu In r te meet considerable stock en nil I millet te(l;i's fleeU mnrket (dinwed nil the ear murks of Increasing resistance, mill te .utii" extent disclosed what thu street N pleased te.cnll ti r-eld out con dition. Like the mevcineiit yesterdny the market chained It" tone nr)d move incut retiti'iunll. Inillc.ttlni; n mure tlelincd tuu-sided character te the trad Ins. All sisns pointed te n completion i i the mere urgent lliinldiitlen, whether it b fei tlip account of peels, speeulnt he combinations or Indlvldtinl operat ors, professional or otherwise, Frem a strictly fitinnrlnl viewpoint the mere intcrestim: development of the dny was the continued improvement In foreign exchange. Tkeic were vigor , etm rnlllfs in Trench nnd Italinn i exchanges, accompanied by a furtket substantial gain in sterling. Indirectly this contributed te sternly the general INt. indicating, ns it did n mere sat Is. factory adjustment of the Near Kast mess. Anether stnbllinc itillucnce was te be found In its easier money cendi tiens, with the call renewal rate placed at ." per cent. The mere Mgnilicnnt lde, however. m te be found in the mere plentiful supply of funds for stock maiket purposes. . Anether censtruc tive development wnt. presented In the steps takin by the Interstate Commerce Commission te relieve the car shortage bv moving rolling stock from Kat te West. Special weakness rrenned out during the morning in scattering pnrts of tin li't, which wns entln'K due tn ! .il cnil-e. as in the ease of Crin ilde Stu. which dropped ,' points in H'tln'tinn et the uiis.it i-facten nuiiual cutiing cutiing repeit. Here and tlmre ether vulnernbb' i spots were uncmereil. Imt ill the man leih of stocks although the i all itic power wns seemingly feeble, the rcne rcne tiennrv currents failed te make the same inroads ns noted in the preceding sessions. Prices moved in a conflicting manner throughout the morning, lndica"ig n hesitant nttltud en the part of most trailers). Liquidation of low-price." rails, which forced recessions of 1 te "points in the Krie.s, Wabash preferred, St Leuis Southwestern preferred. estcrn Pacliic preferred nnd Texas' and Pacific, caused sympathetic henvl-' nt-s in ether parts of the list. Tew aril tiioen the dominant trend again appeared te be upward in re sp !! te a renewed demand for T'nlted Stat.' Steel. Baldwin end Studebaker. ach of which was pushed up a point, or mere above last night's close. (Jen ernl Asphalt rallied 1! points while Crucible Steel made up n portion of It' .I-point less nnd American Sugar. Oulf, States Steel nnd Austin, Nichols showed fair recovery from their earlier losse lesse losse ef '2 te 2-a points. I Div. Si1f III I STOCK H!h 200 4 Air nductlen 60 400 .. AJax ltubber 13 14 1700 .. Alaska Juneau a M 114 4;0d 4 Allied Chem A Dye. 73 1600 4 Allls-Chnlmcrs .... 41 401 .. Am Auric Chem... 31 U 100 .. Am Agrla Chem pf. C4 500 .. A'ii liesch Magneto. 34 14 6700 .. Am Can 71 Ji 100 12 Am Car & Fdy 180 100 .. Am Cotten Oil.... 19 100 .. Am Cotten Oil pf.. 414 100 . Am Prun Syn 6 300 Am Kxprew 141 100 .. Am Illde & Umber. 11 H 100 .. Am Hide & Leath pf 67 & 300 7 Am Ice 1 07 200 6 Am Ice pf '.. 88 400 .. Am Intcrnat Cerp. 2914 400 .. Am Linseed 34 100 .. Am Linseed pf.... 54 H 3300 Am Locomotive.... 1 23 14 400 ii Am Safety nazer.. 7tt 1000 .. Am Ship & Cem... 20?. 500 .. Am Smelt 55 i 300 7 Am Smelt pf IC3 100 6 Am Smelt Sec A...101? 1500 3 Am Steel Foundries 42 H 1500 .. Am Sugar Itef.... 73 500 .. Am Sumatra 301 100 .. Am Sumatra Teb pf 60 V 1100 9 Am Tel A Tel 12214 300 12 Am Tobacco 148?i 800 12 Am Tobacco B....I48 800 .. Am Waterworks... 28(4 400 .. Am Watrwks 6 pf 4814 2000 7 Am Woolen 95& 200 .. Am Writ Paper pf 29 100 . . Am Zinc Ld & Smelt 17 1800 .. Anaconda Copper.. AiVt 200 . Ann Arber pf 39 1000 4 Asse Dry Ooeds.. 63 100 6 Asse Oil 113 800 6 Atch Tep & San Fe102 200 .. Allan Blr & Atlantic 2U 300 .. Atl Gulf & W 1 S S I3U 100 12 Atlas Powder .... 160 100 .. Atlas Tack Cerp... 16H 2800 .. Austin Xlcheli .... 29 12800 7 Baldwin Locomotive! !6',i 2300 .. UnKlmere & Ohie... 48 100 4 Baltl & Ohie pf 61 1300 .. Hamsdah Clays A. 2iH 403 Is,. Ueechnut Packing.. 41 1600 3 Hethlehem Stret .. 67 '1 . Beth Steel pf new. . 96 .1 IWli Steel II . .. 67 34 . Heth Stl -,"r. nf new 93 Urlt i:m Sti-el 2d pf 9i, 103 4400 100 403 200 800 900 930 100 603 100 800 300 100 200 2803 803 1400 100 200 1000 100 300 500 300 400 730 I" Fairman & Company Drexel Building, Phile. ig Efttabllnhrd 1902 Correspondents g A. H. Bickmore & Ce. 111 Broadway, New Yerk IE HM'""""'""""iiiiiiirr' i sraCTaaiCTrc a 6 ESTABLISHED 18SS BIOREN & CO. BANKERS 1 41C Chestnut St., Philadelphia Government, Municipal, Railroad and Corporation Securities S3 iiembtr .Vftc Kerfc and Philadelphia Stock Exchangu EifflnxnTi'i' Commodity Markets GRAIN MARKET Chicago, Nev. 14. NVw unttirns In the price of wheat took place teda during the early dealings. Strength In the mnrket was ascribed chiefly te tin- easiness ever tbe Turkish situation and te higher quotations at Lherpoel. Buy- ' ing here, hewever, although of fair! volume, failed te nssume an aggressive enaractcr. inc opening, wmen vnrleii from unchanged figures te a.c higher, with December .1.16T4 te SI. 17 and May Sl.lS'a te S1.15"!. wns followed by gains all around. Cern and eats reflected the upward tnndeney of wheat, but trading was for the mn-t part local. After opening 4c ui 5;c higher. December 0Sc te ftSTc, the corn market scored moderate gen ernl gains, Oats started e te e higher, De cember 4214c, and later kept near te initial fisures. Previsions were easier In line with hog values. f irn Test c'eh r-- .... fiS Mav GO'I Ju v . as1 wrnt Xi-i- .. Lie.1; May 1 is. Ja'.y .... 1 esi Oatf V"- 42S :: 42' Jul.- 3fe V'C 84H liny eSU 9 S5S Lard Tn .. .10.13 10.22 May 10.47 16.46940 Mar"h 10.20 nn. Open esn 9 en 081 as' l.ie'si 51.17 l Ian Lis 1 es'l 4: 434 liM 00S TO 604 1.17H i.iss 1.C24 :s 424 S9V !H I COTTON MARKET ' New Yerk, Ner. 34. The mevement1 upward was resumed in the cotton fu tures market this, morning In response te bullish consumption figures of 3."i3.- iraOTBlM",raraiR !l"'0 bnles for October and firm cable trem Liverpool, i irst prices were i. te 33 pelmi net higher, but afterward they eased n little under lecul selling .Inpanese interests nie were credited with bting large sellers, mostly Janu nry. Liverpool and Wall Street bought and spot heu'e sold. 13 M 2ii a. 2 :j .' 19 25 S4 High Grade Industrial Bend Yielding 6.20 First :::ent;ase en all the com pany's fixed assets being 3 tunes the amount of the issue. Earning & times the interest requirements. Jl'nfe for Descrxptive Circular A-5. Chester B. Cook. &Ca 42 Broadway NewTi&rk Telephone Bread 389S Tf.t e'eA Opan ris-mhr J'iiflttls 2fl4t lurunry 2')0'IBfi9 .'117 Mar h i' r2tl ZQ 90 2rt 2. Apr'l .. . "J" s', in is Mai ". "ifl7 .J I,; Jl'b .'". 4.45 25 H5 lU-'Jft . . -.4 HJ ... s.p. .TtT .1 70 24 0) 1 " t.-r . 23 77 23 00 'Nerr!-al Legan County Ceal Ce. First Mortgage 7s Due Nev. 1, 1942 100 & Int. te Yield 7pe Pennsylvania Stnte Tax Refunded Federal Inceme Tax 2 Te Paid by Company Circular en Itciufft Townsend Whelen & Ce. 505 CHESTNUT ST. Jcmfcru .V V J I'Mla Stock Kichanset NEW YORK COFFEE MARKET New Vnrk, Nev, 1 1 The local cef -fn. futures mnrket this morning easily responded te the recover reported in the Urazil markets nnd, en the call, 1 rice, were 4 te 0 points higher. To Te i trew will be n holiday In Hrnzll. The steik of mild coffee In New Yerk en Ne ember 13 was L'O-l.Md bags, compared with L'73.t"s0 the previous week. Stock In the I'nlted States en November 13 was 300,80 bags, a week age was 300.524 bugs and a year a" go 170.001 bags. Arm all at all tKjrti slme November 1 iae been t),231 bags nnd de.herieK 2,47S ba?s. I'utuies, at mid-day were holding close te initial figures. Irv net, Or-in . . tii r,2 t, r,5T . . ft2i2j tiaefii: .. li.nJWfil n DTijii i:5l 4'2fs4 Drci'tnlr . .... Mir. h . .. Mft Ja.' Hid trrafle. Supervised Securities Yielding Seven Per Cent. The R. L Dollings Ce. "Buildtr of Buiinui" rUUeelskle CeleatM ledieueeUi 1421 WeUut Street LIVESTOCK QUOTATIONS Kant Unffttle, N. Y N iv H CATTI.K Kscelpts, 17." hsad Sirady te atrnnc 'a e recetptu, 350 heal Steady, 15 13 50 HuriS RerMpts. 0100 t.ta I Spady My 10 mlx'i 10 'Jrkrs WU U IT. . lisht etkrm, 19 infiO 25, MKK, U 5, i uuh S" 50 nUgi, 15 SUKIU' ANU I..MHS Kr.pts 4800 r.end I.ambs. 25'i.Mic I.Afr fOfllft. I'lltstmruli. Vni 14 HOfjs nlpis I'.nn lt,.u) Study lle'..i $8 70t" 7.", l-en-y erl. r JU llnht rksrs, Wi'J. 10 ,k I" 10 'Ml 30 fl!i:KI' ANIJ I.AMn.s- It-c.lpti. bee had .St.adJ Shu P. JU .. .in.l.n. fir, in CALVKh llereipia 1'.-, h-arl Tup. $12 50 s Hroeklyn Kdlsen ..119 .. Hklyn P.apld Transit 16 .. Bklyn n T ctfs.... 14U S Uklyn Union Gas...117Ji 7 Brown Shoe pf 98 10 Burns Bres A 133 7 Bums Bres pf 101 2 Burns Bres B 45 i .. Butte Sup Cep.. 30! j .. Butterlck Ce 1DU 8 California Packing. 82 .. California Petrel .. 49', . . Cal Zinc nnd Lead. 8 10 Canadian Pactnc ..142tj . . Case J I Plew 3 ',J .. Case J 1 Threshing 33 ,. Central Leather . 25 j .. Cen Leather pf....i73Ji 8 Central of N J.. .215 . . Cerre-de-Pa&co 38 J .. Certaln-tee4 Pred . 40 e inanaier aioters .. cum 4 Chesapeake & Ohie. 72 j 500 6i, Chesapeake & Oh pf103J 200 500 200 200 400 1330 2800 1430 2433 330 5530 630 100 2900 330 103 3400 600 190 230 100 500 8500 2930 800 4430 11600 100 12600 203 1830 200 1600 1200 500 100 200 100 203 100 1030 1600 1700 430 1030 10603 4800 3eoe 3030 330 800 100 100 300 1030 300 5600 400 100 17003 330 100 100 400 400 430 100 1200 1700 100 4830 100 100 100 600 500 100 100 1333 Chicago & Alten... 2i . . Chi & E 111 31 !i , . Cbl E 111 (new) pf 57 i . . Chicago ft Gr West 4 . . Cht & Gr West pf.. 12 .. Chi Mil & St P 26 . . Chi M & St P pf... 40VG 5 Chi & Northwestern 86 i .. Chi R 1 & Pac 36 Ji 6 Chi R I A Pc 6 pf E8!.j . . Chile Copper 27 H . . Chlne Copper 24 7 Cluett-Peabody pf .. 99 4 Coca-Cela 77 !i .. Cel Fuel ft Iren... 28 3 Cel & Southern ... 46 t Celum Gas te Klec..1C6U .. Ce'um Graphopheno 2. . . C '1 Graphopheno pf 10',a 4 Cem Sehent A.... 49', .. Conley Tinfoil 1 4 -j . . Cor.cel Cigar 36 8 Cor.pe ldated Gas ..115Jj . . Consel Textiles . . 1 1 . . Continental Can ... 95'J 4 Cern Products Ref.l26 4 Cei"den & Ce 4Q 7 I'esden & Ce pf ICds .. Crucible Steel 70 7 Crucible Steel pf. . 94 . . Cuban Am Sugar. . . 20 7 Cuba Am Sugar pf. 97 14 . . Cuba Cane Sugar. . 11 '4 . . Cuba Cane Sugar pf 34 1, . . Davisen Chemical . 27 9 Delaware & HudsonUe'i 6 De-. Lack 4 West.. 133 3 Deere Ce pf 73H 2 Deme Mines 41 .. Duluth Se S & A pf 4H 8 DM Pent (U I ) Ceie4Ja 6 Eastman Kodak ... 85 'j 3 Kite Storage Bat.. 53 J, . Elk Hern Ceal.... 18 E Kndlcott-Jehnson . , 86 '4 . . Lrle 12H .. Urla 1st pf 18 .. Erie 2d pf 3H 8 Famous Players L 90 14 8 Famous Players pf. S6. 5 Fed Mln & Smelt pf 51 ' 10 Fisher Bedy 147 8 Fisher Bedy of O pf 94 .. Flsk Rubber 11 'j .. Frcepert Texas .. 19 12 3 Gen Am Tank 72 ,. General Asphalt . . 46'8 8 Gen Electric 1741, .. Genl Elec special pf 10S .. General Meters . .145, 6 Gen Meters deb 6 S214 7 Gen Meters deb 7 97 .. Glmbel Bres 38 7 Glmbel Bres pf... . 95 , . Ge.dwyn Pictures . 6 .. Goedrich B F 3' ' .. Gray A Invls ... Sa 7 Great Northern pf 88 U 4 Grt North Ore ctfs 34 . Gulf Mobile &. N pf 44 .. Gulf States Steel 81 J , , Hablrsh.iw LI. ctrle 7 Hartman Cerp . .. Hendee Mfg .. Housten Oil 2 Hudeen Moter Car 1 Hupp Moter Car . . . Hydraulic Steel . . IntDlratlen Cen Cep 34 U 400 24 lmernut Cement . . 31 J 200 .. Inter Cen Cerp.... H 200 2 Intercom fc.ng. . .. a , int wrcui .sunn ,,, u 5 Int Harvester nw 103 . Inter Mer Marine 1 1 14 6 Inter Mer Marine pf 49 H . Inter Nickel 14 14 International Paper 53 y, 6 Inter Paper pf stpd 73 . Inter Rapid Trar, . 24 . !nlnclbla Oil Cerp 15 . Island Oil .... !4 . Kansas & Gulf.... 2Kj 4 Kan City He pf . . 53 Ji Knyser & Ce new 42 H 2 81 'i 18'i 70 4'i 100 100 500 2500 1500 700 100 100 3600 200 200 300 1700 300 700 100 100 2200 5000 100 Keyser ft Ce new pt10?14 Kelly-Springfield .. 41 Kelcey When . 99 7 Kelsey Wheel pf . . 100 .. Kennecett Copper . 324 . . Keystone T it R . . . 6 U 7 Krehge S S 82 Lew 59 13' 1' 7m 40 U 31 U G4 33 H 70 H 180 19 41 14 6 141 M 11H 6714 106J4 88 2914 33 4 54 Ji 1221a 7 20 H 55 102 101 J4 42 ft 7114 30 tf 60J, 122 148H 148 2714 48 95 28' 17 4814 334 62!, 113 101 1's 22 H 160 164 2 124J4 47 Ts 61 28 41 66 '4 93 , (b4 98 28'j 1 1B U I6I3 131j 115JJ 98 131 101 43 tj 30, 184 82 48 74 8 14114 3'i 33 3514 734 215 38 '4 39 594 72 U 103'j 2!, 30'4 57 M 4s 114 26'i 39 H 66 35 H e8 26', 24 H 99 75H 27 '4 46 1C6 24 10'0 49 14i 35 '4 133 I Hi 944 125 46 'i 1001, 68 94(4 19!, 97J-4 11 33 K 26 12614 132, 73H 41 !b 434 1C3 04 'J 53 18 85 11 164 12 '4 89 '4 96 14 51 147 94 1114 19', 70!j 45 174 10H 14 82 Sri 97 38 !4 95 J4 54 3H4 9H 87 3 3 !4 44 78 i 2 8154 18 54 C8T4 21 204 4V4 33 i 31 H h 23 23 103 1 1 '. 4814 14 53 ,1 73 24 14 54 !4 214 531-4 414 102 54 40 54 99 100 32', 514 82 Net Ciise. ?4 H H 1 14 H "Yt " 14 314 "a 1 "i 14 H "y " Vt "v Hi H4 54 14 114 M 1 1 54 314 H 54 114 H 1 H 14 54 !i '0 1 Wi 1'4 1 H Hi a 14 1:00 P.M. 594 13!i 114 71 H 41 -31 U -64 -34 - 70?4 180 19 4154 6 - 14154 11 H 67 54- 107 -68 2954 34 -54H- 123 7 20 -55 103 101 Ti J4 122 148 54 - 148 274 46 -95 -29 -17 -48H 113 - 101 '4 160 16H- 27 54-12454- 48 4 61 28 -41 67 !i n , 9G i7 93 - 2954 119 -i 165,- 14 -117 I- 98 - 43- 1 30 .. 18 .. 82 49- 5i 8 14154 354 33 35- 73 215 - 38 J4 . 40 -6054 - 72 10354 254 . 31 57- 4 - 11H- 26 54 40 54 86 35 88 -27 24 99 -75- 27 54- 46 106 - 2 14 36 -f 133 -11 14 95J4 125 5i 47 -100- 68 -94 54 19!i -97 54 1 H4 34 27 126 54 132 - 73- 41 4- 163 18 85 1 114 -1754- 12 90 96 51 . 147 94 1114 . 1954 72 45 62 5-4-97 -38 5i -9514 - 5 31 14 9 f 87 33 54 44 79 - 2 81 54 -1854-70 21 - 20- 4 ', -- 3414 31 - 23 - 23 - 103 1H4- 49 ? 14 54, 53 54 -73 -24 14- 14 2Kj 53 54- 41- 102 54 41 99 - 100 82 - Div. Bate In I STOCK Hlth 400 ,. Lackawanna Steel . 7954 100 .. Lake Erle & West.. 32 1700 34 Lehigh Valley C3 300 4 Lima Locomotive... 5714 1400 .. Loews Inc 18, 122 1 Left candy 1214 '2 I-oese Wiles 50 100 12 Lerlllard (Pierre). . 159 ?4 200 7 Louisville A Nash.. 134 ?22 Mack Truck SfW !2 7 Mack Truck 1st pf. 92 122 7 Mack Truck 2d pt. 82 .522 Magma Copper ... 31 4 '020 .. Malllnsen Ce 3054 100 7 Manatl Sugar pf... 80 400 .. Manhat Kiev ctfs. . . 4574 100 6 Mar St Ilwy pr pt.. 6954 800 4 Marlaml OH 31 100 .. Math Alkali 4854 400 . . Max Meters Class A 47 54 S100 .. Max Meters Class B. 134 400 8 May Dept Stores... 164 100 l Mclntyre Mlnln .. 17 54 1000 12 Mex Petroleum 219 2?0 Mex Seaboard 18 200 e Mex Seaboard Oil ct 1754 23001.20 Middle States Cerp. 11 5800 500 100 3100 200 1700 3500 100 2700 100 800 1000 1700 500 100 60 1300 100 200 4900 300 100 10600 300 700 1400 7IO0 1703 600 300 tiOO 1800 21800 8600 CI 00 600 600 1400 3100 303 1300 2400 200 200 700 300 300 200 1200 Mid vale Steel 3054 .. Mln & St Louts.... 7 .. Me Kan & Texas.... 10 .. Me Kan & Tex (wi). 16 54' .. Me K ft T (wl) pf 41 .. Missouri Pacific .. 17 .. Me Pacific pf 4954 3 Mentana Power .. 69 .. Montgomery Warfl. 21 1 Moen Moter Car.. 14 H Mether Lede Mining 10 . . National Acme ... 1 1 7 Net Biscuit 248 fl Nat En & Stamp... 63 54 6 Nntlennl Lead 11 314 7 Natlenat Lead pf...111ft BNYCeiitral 9554 6 New Yolk Deck pf.. 51 6 N O Tex & Mex... 0 .. New Yerk N II ft H 26 J4 2 New Yerk Ont & W 22 7 Norfolk & Western. 117 54 C North American ... 91 J4 3 North Amer pf 45 J4 .. North American rts 26 E North Pacific 82 .. Okla Pteil & Ref... 2 54 .. Orpheitm Circuit .. 1954 .. Otis Ste 1 8J-J 2 uw.ii- Het Mnch. ... 37 .. Pacific l'eiet Cerp. 154 6 Pac Has A. Elec 02 li 3 Pacific Oil 46 54 8 Pan Amer Petrel... 87 '4 8 Pan Amer B 65 .. Panhandle 554 .. Parrl-h iS. Bingham. 11 3 Pennslanla R R.. 47 54 . . Penn Seaboard Steel 4 C Peeples (las Chicago 91 54 "ska Pern Miimuctte 2 Phllllns Pet 44 3 Philadelphia Ce ... 4054 . Plcrce-Arrew Moter. 1154 . Pleree-Arrew Met pf 28 . Pierce Oil 54 . Pierce oil pf 43 4 Plggly Wiggly Stere 42 , . Pitts &V V.i 3554 200 IV, Pend Creek Ceal... 18 54 1000 6 Pestum Cereal ....1C8J4 8 Pestum Cereal pf. .111 . Pressed Steel Car.. 81 J4 . Producers & Ref... 4254 6 Pub Rer Cor of N J 974 8 Pub Ser of N J pflOS 8 Pullman Ce 127 Punta Allegre Sugar 43 200 500 1400 800 100 2800 1000 2500 200 Pure Oil Pure Oil pf.. 200 3.41 Rand Mines 1 1 H4 T4 54 1 ' Hi 14 Vi U ' "l4 3 54 'a 54 li ?4 1 54 1 14 14 H4 li li 14 14 1 14 li 14 li 3 54 54 1 28 Ji 9854 34 Vi 1314 8054 52 54 4U0 .. Ray Cen Copper. 8100 4 Reading 100 2 Readinc 2d tf... 100 .. Rem Typew 1st pf.UO 100 .. Rem Typew 2d pf.. 80 54 600 .. RepleKlc Steel 26 400 .. Repub Iren & Steel. 47 54 100 .. Rep Iren & Steel pf 8054 800 . . Republic Meters ... 1 100 3 Reynolds Teb B.... 5714 14 14 54 Hi 5454 Pt Leuis San Fran. 24 St Ixuls S Fran pf. O St ieuls Southwest. 33 St L Southwest pf.. 55 54 Saage Arms 1654 Saxen Moter 4 Seaboard Air Line.. 6 Sears-Roebuck .... 84 300 155 i Shell Transport .. 3E 330 6 Shell Union Oil of.. 9414 2 Sinclair Consel ... 34I-, .. Skelly Oil 954 .. Sless-Shef field 4? 54 . . Se Perte Rice Sugar 30 6 Southern Pacific .. 90 .. Southern Rail 23 5 Southern Rail pf. .. 63 .. Splcer Mfg 18 8 Standard Mill 129 4 Standard Oil of Call 18 6 Standard Oil of N J201 3 Sterling Products .. 59)4 7 Steel Tube pf 79 4 Btremberg Carb ... 5054 10 Studebaker 12454 7 Studebaker pf 116 . . Sub Beat Cerp .... 754 . . Superior Oil 44 .. Superior Steel 304 .. Sweets Ce of Amer. 254 . . Temt Cern & F "A" 54 .. Tenn Cep & Chem.. 84 3 Texas Ce 474 4 Texas Oulf Sulphur. 634 . . Texas & Pacific.... 24 1 Tex & Pac C A O.. 2154 .. Tidewater Oil 132 3 Tlmken Rell Br.... 31 Ti . . Tobacco Products . 51 7 Tobacco Pred A.... 80 .. Transcontinental Oil 13 54 2 Twin City It T 574 6 Union Hag ft Paper 6814 .. Union Oil 16 10 Union Pacific 142 7 Union Tank Car pf .110 2 United A.lev Steel.. 36 8 United Fruit 154 .. Unit Itwy Invest pf 264 .. United lteiall Stores 744 ..US Feed Products 6 ..US Heffman Mech. 19 .. U S Ind Alcohol.... 624 ..US Realty & Imp.. E6J4 ..US ltubber 5154 8, U H Rubber 1st pf . . 96 5 U S Steel 1064 7 U S Steel pf 121 2 Utah Copper 624 .. Utah Securities ... 164 . . Vanad.um Cerp . . 36 .. Vn-Car Chem pf . 624 . . Va Iren Ceal & Coke 57 . , Vlvudeu Ine 144 .. Wabash 94 .. Wabanh pf A 27 6 Wells Farge Ep... 904 .. Western Maryland 13 .. Western Pacific ... 17 6 Western Pacific pf. 58 7 Western Union Tel. 1094 4 Wist!ngheue A B. 96 4 Westing E fc M.... 594 .. Wheeling & L K.... 94 .. Wheeling A L E pf. 1614 2 White Eagle Oil.... 304 4 White Moter 48 .. White Oil Cerp. .. 5 54 .. WlckwlieSpeneStl. 954 .. Willys (.nerland ... 5J4 .. Willys 0url.unl pf. 40 .. Wilsen & Ce 37 li 8 Woolworth F W...207 1600 4.13 Royal Dutch N Y. 200 100 100 200 100 100 100 700 5100 5200 330 100 2300 5100 930 600 200 2600 4600 300 103 600 15800 100 300 100 300 100 100 200 4300 2300 3300 1800 500 2300 1600 2100 1200 200 100 500 3100 100 200 500 100 6100 400 300 4700 1000 1100 100 40500 2'JO 1 1 3 -j J J 300 100 1000 1100 2500 300 1400 400 100 200 100 200 100 700 200 100 600 200 100 400 200 100 188 10-" 7 Werth Pump A ... 86 7 Woolworth V W pf.125 Lew 79 32 6454 5714 18 124' 50 1594 133 54 5454 92 82 314 304 80 4554 694 314 124 1624 17 H 217 18 174 114 294 6 10 16 404 1754 48 54 69 2154 14 10i 9 54 246 634 11314 1114 944 51 80 25 21 116 66 45 25 81 54 21s 19 8 '4 37 Hi 82 45 864 84 5 954 464 3 914 31 414 4054 114 27 54 43 4254 34 1854 107 111 80 41 954 105 126 42 54 28 54 98 54 344 135 784 524 1C0 80 li 25 54 464 8054 114 57 i 53 4 e 33 544 164 4 6 P3 354 94 31 954 42 38 S0 23 62 18 129 1174 197 54 594 79 50 12354 116 74 4 J, 30 2 54 14 8T. 47 62 22 20J4 130 Ji 31 li 5 H, 78 1314 57 54 68 j 16 141 110 35 15HJ 264 73 6 18 61 85 5014 96 104 121 6154 16 J4 35 U 62 55 57 14 9 25 9014 13 17 ze 109J4 96 59 95 16 30 48 514 915 5 5i 40 3714 207 86 125 -i m sV BOH H jriUbLddlLHUICIl I ,'ffi & NO IVIQKnM I 111 LVUIIk III! Illl Ik if ! I nMn -s , 14 78 -32 - 64 50 -1594- 1334 544- 92 - 82 3H4 304- . 80 - 1 454- 6954 46 -1214- 163 -17,- 217 -18 174 11 9J4 7 10 -164 41 174-484-69 21 54 -14-1054 94- 248 63 54 1 1 3 54 1 1 H4 114 54 114 114 1 1 24 2 CREDIT A MATTER OF INDIVIDUAL JUDGMENT Signs Point te Systematic Ac cumulation of U. O. I. Common Stock Within Narrow Range !4 944 14 There wns a distinct nnrrewlng of fluctuation in the local mnrket nnd nls'e n prnnunced contraction in the volume of business. Beth Indicated nn absence of liquidating pressure. As n matter of fact, the shakedown of the previous sessions nppenred te hnve cor rected the specnlntlve position mntc rlnliy. I Irregular tendencies marked the enriy dealings, but after the first hour there wns a noticeable steadying of the list. Seme of the representntive local stocks were fortified by the underlying buying which wns renched In the initial frac tional concessions. With thu exception of the strength of the U. O. I- issues, the trading lacked Indlvldtinl fenture. A fnlriy active in quiry developed for the common stock, raising the quotation a half point te CI1 a, hut the preferred en small offer tugs curiously lest the same fraction in yielding te (". All sUns point te a steady accumulation of the common stock, and a considerable line has been accumulated since .luue en a range of T . '? t O tminte linMvrtiin ?? ntirl Fift A irrnnt en i deal of interest centers in the meeting eru i "f t',e labile Service Corporation of S1K- 14 New Jersey beard next Friday, when v 5 54 154 116- 88-45-25 -82 - 214 1954 ci 37 15 024 45 54 8614 , 85 1 354 11 47 31- 42 -40U-IHi-27 - 54 43 -424-34-184- 108 - 111 81 4 55- 105 127 1 ' MR. CREDIT-MAN! The mere orders you O. K. for your home that are paid for, the mere len are worth te it they are in busineie te sell goods. the directors are expected te place .. --,. - .- : ine common mock 01 mac company un nn 8 per cent per annum basis. Pennsylvania Ilnllrend was another stock reflecting accumulation. All of ferings nreiitid 47 this morning were .111.. i.1A .sta-l 14a 4 HAiikl t nntnAlill I le.'lllll.v llll.ru aim ii" ii'tuuii- iiiMiieiii,t i3 s i was eiiieuntered executing selling g ntilers. ja In most of the ether local stocks Hading wns of u perfunctory caliber. I p 4 Philadelphia Klectrlc common improved , J M I rn..tl,i,illt bill llitt lirnft'l-n'rl run lift' . . 1 1 ... . , ..' ... ..... ....-. ..... )J. Riami ABILITY, INTEGRITY and CAPITAL han been declared the three principal elements of successful credit granting but where thin three elements predominate credit is a aim, pie matter and a rubber stamp will de for a Credit man. The facts are that in practical credit grant, ing, the cases are rare where the applicant possesses all of these three qualification, sufficiently they lack something. Se that in the very great majority of cases, th Credit man should analyze every applicant's business and the possibility of his success success less is seldom sustained en a really auccesi. ful customer. If the applicant has ability, he is mera likely than the Credit man te knew what It geed for his business, and if he has integrity he will de that which is best for these who trust him. If he has ability and integrity but lack, capital, it is pretty safe te depend upon his getting sufficient capital in some proper way, He may see the advantage of getting capital by turning his idle Accounts Receivable into working Cash, instead of borrowing or divid. Ing his profits or the control of his busineii by adding partners or stockholders. He is net a geed Credit Man who arbitrarily decides that any applicant who sells his ac counts is a bad risk such a concern may prove a better risk than many who don't sell accounts. It is usually the wide-awake, thinWng merchants who sell their account! and who are thereby simply financing them selves from the inside, and usually at tht cost of their customers who de net discount. i in niiiinimiMuiiiKiMrui WS I iiiiiiiHniii 54 ''4 11a 1 Vi 15 ' 14 1 i !' 14 1 v, i4 te 31. P. 11. T. wns well sustained at III. ns was Union Traction at 41. Philadelphia Traction continued te bring (17. Dribbling liquidation con tinued in Lake Superior. 4214 28- 'i 98 54- '' 344 1314 79 52 54 H4 1C0- Hi 8e 14 11 25 54 - 47 804- 154 114 - 14 57 14 4 54J4 4 24 .. O - 1 33 554- H 164 - 54 4- !4 6 84 35 94 - 1 31 4 94 42 -38 - 2 90- 23 624- 1B 19754- 1 5914 .. 79 50 -1?3 I 116 714 .. -214 .. 1 Philadelphia Stocks Wet HKh low 1 P. M. tliki. 11 Alliance In 1M ' 2.1 . . 10 Am ltwys. 12 12 12 .. SOOtO M & St Paul . . . 2flt. 20 201-i 'K 210 niee Ster. C3T5 53 53? i COOtKrie .... 11 11 11 lis 1.1 Hrle L pf. 24 24,i 24 Vi MlnsCX A 41 41 41 .. I 200 Lk Sup 0 0 6 0 i lUOLehXnv.. 74 74 74 . 200 Penn Cent Light pf 55 5.1 55 835 Pa It It.. 47 47 47 275 Pa Suit M 85 85 85 . . 2SPhila Klec 81 .'U'4 31 's 327 de pref.. 31 31 31 "s I 300 P It T... 33 33 33 .. 30 Phila Trnc I7 07 117 . . 10 p & W pf 33 83 33 j , 10 Un Tract. 41 41 41 . . Commercial Credit Company Cash Capital and Surplus $11,100,000 BALTIMORE SAN FRANCISCO Represented at Philadelphia, 1210 Stock Exchange BIdg. (Phene Spruce 8.144) Affiliated with C0MHEB0XAL ACCEPTANCE TBUST C0HMZB0XA& OBESIT, 00MPAHT, no. 0HI0AOO MEW OBLEANB SEwn?SB;Ai??AB.A?rr .sitm pi IIIIMIIMMIM 5 085 U O I... 51 51V4 51 V, 809 de pref. . 55 55 55 50 War I & S 8 8 8 'j tNet eJinnge made by comparison with last ale en New Yerk Stock Dxchanst. rnn-ADELrmA bends 12000 Liberty 4th 4s'28..1ets 0S.52 87 05 48 02 01 "4 1(H) 8J4 . 47 62 . 22- ;e- 132 31 54 . 51 141 ji ji ne 36 15115 26 '5 73 -6 18 61 54 05- 504 r U6 105 J. 121 6114- 1614 . 35- 6214- 57 144 914 16 -904 -13 -17-r)8 -10914. 96 -59 H - 94 16 30 4U 5'i 94 5J4 40 37 54 -207 86 T 125 1000 Amer Gas & Elec 5s.. 500 General Asphalt deb 6s. . 0000 Interstate ltwys 4s. lets 2000 Lehigh Val gen 4s 1000 Phila Ce cons stpd 5s... BOO Phila Electric 1st 5s. . . . OOflOPblia Elec 1st bb.... lets ua-ji 1000 Heading Traction 6n. . . . 10b 5000 U B 4'4s 1052 09.70 COTTON SPINDLES ACTIVE October Consumption 38,000 Bales Greater Than Previous Menth Washlniten, Nev. 14. The largest monthly consumption of cotton since June, 1020, occurred during October, a total of 533.050 bales of lint having been used by manufacturers. The census bureau announced today that this was an increase of 38,000 bnles ever September consumption and about the same increase ever October last year. Consumption In cotton growing States weh almost 50,000 bale mere than in October a jenr age and the number of nethe spindles in that region nheued an increase- of almost half n l.ntiltnn. wlliln snlnrllt'S In nil nlhtx. States numbered almost MiO.OOO fewer than in October last jear. Cotten en hand, October 31, was held as follews: In consuming establishments, 1,870, 770 bales of lint nnd 82.100 nf llntert.. cempnred with 1,31)3,188 of lint and 157,877 of linters a cur age. In public Hterage and at compress..., 4.32'.).1M)2 hales of lint and 10.H2 nf 54 Ilnter" cempnreil with 4,PS4,.31 nf 154 I lint and 212,837 of linters a jenr ngn, Active bplndlcs numbered 33,S5!),07H, , cempnred with 31,200,170 In October 14 last year. 1 Imports and experts are net avnll- li able. 214 54 Hi ' y 114 j 14 114 Structural Evidence In the structural improvements that have helped make Philadelphia the third-largest city in the United States the Continental-Equitable Title and Trust Company has had its influence through financing much of this con struction work. The advice of the men who thus have , helped build a city is: "Establish a Safety Reserve. It means safety, pro tection and development for the indi vidual and business." L. COKTmlMUt (QUIT, ii nui fut ee in I who Serves II Best- II Profits Vv M01t yJ" CONTINENTAL EQUITABLE TITLE and TRUST COMPANY Capital $1,000,000 ?uieiru-i above Chestnut, PHIIAOI t PHIA. Deposits Over $12,000,000 Surplus $1,000,000 - FOREIGN EXCHANGE ij J ew lerlt, ev. H. revering nf , ' 1 shorts in exchange wns again considered yt responsible for gnlns nt tin- opening nf Hi 17 points In francs nnd 13 points in 1 I Helginns. At the initial llgnre today, I ' francs show a rally from the leeent low or IHV2 points ami Helginns show the same relative improvement. Steillng gained te the highest nii'itiitien in u ' number of weeks. Lire and S.s wim-pI up : Swedish, up 7 ; guilder-., up 3, and Dnitish, un 2. Marks showed n gain ' of 1-ltl. Norway wns lint-hanged, Imt1 Hint exchnnge, until recently, hud en-1 jnjed a very substantial iidvnm.e. Merllng catiies were 4.1, ,. demand1 Hi Vs 1 1 Hi 14 14 14 i' 5 ntu 7 ! tl.70 ; . Helgian cables ? Ifl.22': lira cnbles 4.70, 14 2 54 Liverpool Cotten i I.licrpnel. s-uv H Srvit retten wa nultt today, with prlcfs Kir.i'ty un th I-kU of un ailvMir-n nf te pelnu tnr rnl'lilllnif at If. 44l Tli.) nalea Mala TuOO bnlra. Tin rrcflpt er S1.Q00 bait,. Inclurllnr 17. UUU bale, Amirlcan. l"utur wr at fad y In tb srly tkllnia. tipet prlees w,r' DIVIDENDS DECLARED Standard fH of Km"' xtra ta and auarterly 13. iH.ible li"miir 15 te tint li ut rur.rd Nevmir iO Weiisrn Ultclrle rumiai n.jKrtcrly 2 50 en temniim poinble ncrmb. r 'At tu neck of r'eir1'. licpintr 1! Hrlntnl ManUfacturlliM 'vlnl tllv of MlW Ilodfei'l. Muarturly nnd -xua K, iay ,t) utt'inuJr t fcv O.W.A i .jr., .naiii- LanrKHfr Mil's of film Mnt, , axtra en femtntiii of 11" wr tur. i,Hbl IJ reinber 1 te Htftck of im .r I .N'ovcinber t!4. I-nni(u llu jf r-l.X j- '''.rinnitlnn. quar-te-W l ei tomrneti ptMihig Jiinunry , 2 te urk if rxerd Incn'M-r 18 Nfb.'diki rower Ceiiiwh ijurtrtarly 1 ter cot n prufirrM i eMjIm Icembur 1 ie ,terit of reter I NeM-mber IS I.lbby. ilwenn Shu-t (Jims I'empany. li per cent or. iireffrit'l .md S par cant en common, piyabla te Heik of record Ne- temlmr 31 pnvabla Dacamber 0 te ihara heldera V-rvmbrr 1. . . UTenl .Mlent.i' .inn i-acine z? ZLL;u Int.. nuurt.ily ftft c-nta en common, pajal.l . ' Dr. ember is and 1. Pr cent en Prrf.rii .1. "T ln.. liai,ble IHmlwr 1, both te ateck of record .Neveinwr lr, ...-. hiiindrtr.I nil Company of Ji('blra")ta.,?.'Jii munth, 6 per cent. nf J10 mid aeml-aniiual of 13. !&! '' 1 Pereniber 20 te aletk of r'cerd Npiembfr ... -..iu r,. - wnini) ivmi company. guartriy nt - i'r Order Freight Cut en r,nt paj,ible n.cember 13 tkii.ru Wll,hn,,eni Nev ItAcUnn MONEY-LENDING RATE8 NBW VtlKK Meney en call, both cui,i iteial, epenia u.euy at h nm cent ling and rencuhm. I'llllDKI.I'HIA lull, f, t.r ..n,. ,(. 6 per ttnti temtnertlal iatr, thice te m vtmUr 31 Vhll is, ftreium cempanr. 60 cants, payable January 3 te steek of rte Ptrelum Cempanr, quarttrly et nrA Uaeambar ID, Canadian Paelfte Railway Cemjapy, 3 or stat ea oeraaoa (or artr Sert Vtct mbf r 1 Reserve Banke' Dleceunt Rates Official redlreunt ratea at th tiielva Ked Ked rel Hcfrv llnnlia are na fellow hi 'rra. Mb. Cnin'l UkrN 4 4 11 Dotten .. Nrw Verk PhlladelDhla rieveland Itlchrnend Aiiania Chlaaa It. Lsull Mil iw :::::! - -... j. IIMItll J. "11 A ' I ! 44 4'm 44 n It1 ia ii ii ii Nerwav Swedish guilder marks, Apples complaint nf th" Arlwn Corporation Com Cem Com mlieiltin anil I'hecnlx Ariz , cenHlk'n."!. th Ititi.rui.il.. dimmirie Cnmmittylr.n tMi.. . di'red railroad, te rcduti. thu ralfa en npn' l.'JH, iliecKa cheeLa 4.7S1. Swiss inbles lh.H", I'hcrki l.s.,'14, newnn cablcH in.2S, checlis l.'.'ja- Rinlhli canies i..-, cnecits 'ii. 17; cables 18.48, checks lVUI; cables 2(1.112, checks 20,h7 cables :il.27, checks UD.22 .01 11-10. The ilinceunt en New Yerk funds lu Montreal today wns nominal at Jl-U" per cent., Thu premium en Canadinii funds in New Yerk was 3-112 pi-r cent TKHTUROAY'S CLOSINri QUOTATIONS' Demand i.4, (l nil 4. te ran is Cablea 4 47', tl.ROVa 4 7(Ji, ;i!J "3 TOPAY'H OPUNtNU QUOI'ATItlNH 4.1i'i 0 70'. 4 7sij ai, ' 4.475I 11.711, 4iu' au.Sr The mistake which many men make is in aituming that life insurance money "will unfailingly provide for the future of their families. nut nre theso who will receive It capable of wisely handling or inventing thai precetdi of your Insurance? By creating an Insurnnce Trust with this cemjmny, you can pre-tt-ct with every nafeguard the llfe limurance money your fnmlly will receive. North Philadelphia Trust Ce. Bread St. and Germantown Ave. Above Erie Ave., Philadelphia Dfrnand Cublea . uhlpinvnttf from WaahliiKten .si(0 frm I .,' J . nbeut II 73 te II. I'l l"r lmndre.1 pnumla , I '' IM'. June, a', Sept. r." Juik., t'.'ii? Hept. t4i Mch,( t: JRS; t4H Bipt. U.S. Certificates and Treasury Notes lilt. Miiturlnif Itdit. Uiii Hid .l'-j Dei , in.'.'. .. .urn Th.. blvhr rnlea charKf.! In l'ln-tniv ..... cemmlmlnn atd, when cumjiared with runs en npplfa throunheut the Weil are unfair te the ArUena cenlnfe. BAR SILVER rjemaatta bar allvir was unehanied in N TnrV tnr1v at ftBlae Dr flD OUneai fnr.lm Lftfte. a dijillne "i.HS'.ajJViOBien tbe prlc; r WM Utf levw ill. nua.. uu:i.. lli.'H. itu 1.. llll!4. lie.'.., jesr.., iiisn., nun. Anliid Vl, tit jteiri , i" 1-ni a. 1,(1 me', a -, Hi'' 1 -IH .1 ill I'm i-tn a a? lll'J 't.lll A ,,. ,,.! t. ... : ; -. - ' 1 ..' ..ti.t 1 iiD ,uj j .7 ..lIHl'V )(ini 41 .. 0011 inn ..loe ii.ie inn 13.I6 lih ueh 4.:i: - " z & . inn1, P!i', . I'V, .mi', -J it.1.1 ,'.u,t VUV, VVTk 4 li, t Acceptable for payment of lncum . a,'.' endat of maturity. frern Poderal a-mnal laeem tai, Estates of $5000? Statistics show that estates of $PO0O nnd often times mere arc dissipated in e few years where there is no trusteeship. We ussume the responsibilities of u trustee, which assures the lUtUre (f tllOS.1! VOIl U'UVl r-n.t.,l fm. A .nnsulta- tien with us mny set your mind nt ease en many of your financial responsibilities. THE REAL ESTATE tRUST CO. OF PHILADELPHIA oread and Chestnut Stt. L y I 4 i. a -rd j ,ltn tit ! v. ,L .'J4i'.. Vjl-N-.M-.tO-JJl''-
Significant historical Pennsylvania newspapers